European RMBS transactions

Rating Agency Developments

On September 24, DBRS published a report describing its approach for monitoring European CMBS ratingsMethodology.

On September 25, DBRS published its methodology for rating European RMBS transactions issued in Europe with residential loans originated in Europe.  Methodology.

On September 25, DBRS published its methodology for rating securitizations issued in Canada with collateral originated in Canada.  Methodology.

On September 28, Fitch updated its rating criteria for infrastructure and project financeCriteria.

On September 28, Moody’s published its rating methodology for corporate synthetic collateralized debt obligationsMethodology.

On September 28, Moody’s published its rating methodology for collateralized loan obligationsMethodology.

On September 28, Moody’s updated its methodology for rating securitization transactions backed predominately by loans granted to microenterprises, small- and medium-sized enterprises (SMEs) and self-employed individuals.  Methodology.

On September 29, Fitch updated its rating criteria for toll roads, bridges and tunnelsCriteria.

On September 29, DBRS published its methodology for rating Portuguese electricity tariff securitizationsMethodology.

On September 30, DBRS published a report describing the criteria applied in reviewing derivatives in the context of a European structured finance transactionMethodology.

On September 30, Moody’s published its methodology for assessing credit risk for companies in the restaurant industryMethodology.

Rating Agency Developments

On August 25, S&P published its methodology and assumptions for surveilling rated U.S. RMBS transactions backed by reverse mortgages. S&P Release. 

On September 1, Moody’s updated its methodology for the way it assigns ratings to jointly supported letter of credit-backed debt in the U.S. municipal market. Moody’s Release. 

On September 1, Moody’s announced that it will immediately begin communicating credit estimates to managers of EMEA CLOs using an updated conversion of credit estimates to rating factors. Moody’s Release

On September 2, DBRS requested comments on proposed rating methodology for the Master European Granular Corporate Securitizations (SME CLOs).  Comments should be received by September 30. DBRS Release.

On September 1, DBRS requested comments on proposed rating methodology for the Unified Interest Rate Model, which is designed to provide a consistent platform for suggesting interest rate stresses to be applied across all rating submissions.  Comments should be received by October 29. DBRS Release.

On August 27, DBRS requested comments on proposed legal criteria for European structured finance transactions.  Comments should be received by September 30. DBRS Release.

On August 30, DBRS requested comments on proposed surveillance methodology for European securitizations.  Comments should be received by October 29. DBRS Release. 

On August 30, DBRS requested comments on proposed rating methodology for European consumer ABS transactions.  Comments should be received by October 29. DBRS Release.

On August 30, DBRS requested comments on proposed rating methodology for European RMBS transactions.  Comments should be received by October 29. DBRS Release. 

On August 31, DBRS requested comments on proposed rating methodology for European CMBS transactions.  Comments should be received by September 30. DBRS Release. 

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